Parade Park Homes Inc
- Assets
- $5.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 44-0662014
Organization Overview
Parade Park Homes Inc is located in Kansas City, MO. The organization was established in 2019. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parade Park Homes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Parade Park Homes Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 43.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS AND FAMILIES THAT MEET THE GUIDELINES SET FORTH BY THE US DEPARTMENT OF HOUSIG AND URBAN DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED A 510 UNIT APARTMENT COMPLEX IN KANSAS CITY, MISSOURI IN ACCORDANCE WITH RULES AND GUIDELINES IN SECTION 213 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harietta Harris President | OfficerTrustee | 5 | $0 |
Diane Bratton Vice President | OfficerTrustee | 5 | $0 |
John Jackson Treasurer | OfficerTrustee | 5 | $0 |
Barbara Lane Secretary | OfficerTrustee | 5 | $0 |
Don Williams Director | Trustee | 5 | $0 |
Gwenetta Wilson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,805 |
| Total Program Service Revenue | $1,992,291 |
| Investment income | $1,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,050,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,023 |
| Fees for services: Legal | $44,971 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,000 |
| Advertising and promotion | $3,049 |
| Office expenses | $25,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $662,609 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $347,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,646 |
| Insurance | $0 |
| All other expenses | $6,752 |
| Total functional expenses | $2,261,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $125,612 |
| Net Land, buildings, and equipment | $4,129,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $648,265 |
| Intangible assets | $0 |
| Other assets | $78,477 |
| Total assets | $5,074,774 |
| Accounts payable and accrued expenses | $220,982 |
| Grants payable | $0 |
| Deferred revenue | $17,798 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,330 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,898,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,140,768 |
| Net assets without donor restrictions | -$4,065,994 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,074,774 |